Frank Cowan Company : Everything you need to know

Frank Cowan Company: Everything you need to know
Founded: 1927
Employees: 140.

Frank Cowan Company provides specialized insurance programs, including risk management and claims services to municipalities, healthcare, education, community, children’s and social service organizations across Canada.

It is a Managing General Agent (MGA) with the authority to write and service business on behalf of strategic partners and is a wholly owned subsidiary of Intact Financial Corporation.

Frank Cowan Company has a long and rich history in Canada. Its namesake founder lived on a family farm in Princeton, Ontario, and was an agent for the Pilot Insurance Company of Waterloo by the time he was 17 years old. After other key experiences, from serving on the US Army Cavalry to working at the Ford Motor Company, he came home in 1931 and joined his father’s business.

Frank Cowan Insurance Agency primarily focused on agricultural and small-scale commercial clients throughout the 1930s, but as the young Cowan developed relationships with insurers and insured clients like the village of Ayr in 1932, the agency’s reach grew. In 1963, the Frank Cowan Company reached a major milestone when it wrote $1 million in premiums. Today, Frank Cowan Company continues to land on Insurance Business’s Elite Agencies annual rankings as a five-star MGA.

Frank Cowan Company in the news
May 2015: The Cowan Foundation celebrates 20 years of building communities and $20 million in donations.

April 2017: The Cowan Foundation continues its giving streak, donating over a million to charity.

June 2017: Frank Cowan Company wins two international marketing awards from the American Association of Managing General Agents for its marketing efforts.

February 2019: The Frank Cowan Company Municipal Institute of Risk Management is launched, offering online, municipal-specific education focusing on risk management best practices.

April 2019: Frank Cowan Company releases an enhanced cyber insurance product and services.

December 2019: Intact Financial Corporation completes acquisition of specialty insurer The Guarantee Company of North America and Frank Cowan Company Limited.

Key people as of 2019
Larry Ryan – President

Prior to Frank Cowan Company, Ryan spent more than 25 years in the municipal sector, serving the last 15 as CFO for a regional municipality in Ontario. He has been at the helm of the company since 2011, and provides operational and strategic leadership while focusing on growth, maintaining results for insurer partners, and keeping an eye on strategies for new business and retention. Ryan also ensures operational effectiveness, and is responsible for employee engagement projects, in addition to staff development and retention.

Culture
Frank Cowan Company encourages its employees to get involved in the community, and is committed to improving the quality of life in the communities where its team members live and work. Programs and events that the company has put on previously include the Cowan Community Volunteer Program, which doled out funds to charities picked by employee volunteers and their families, and the Cowan Read-a-thon, which was supported by The Cowan Foundation.

Frank Cowan Company : In the news